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Alp Consulting Ltd, a search and staffing firm, has announced its partnership with Japan’s Outsourcing Inc. The Japanese partner will have a majority stake in the organisation and brings in an investment of about $5 million (₹30 crore).
Through this acquisition, Alp Consulting will become a part of a Japanese publicly listed staffing firm and will provide a platform for Outsourcing Inc. to engage with the Indian market, the statement said.
Jayachandran Pillai, Co-founder and Chairman, Alp Consulting Pvt Ltd, said, “This partnership will allow us to add value to our existing and future clients, beyond just staffing.”
The Japanese firm is looking at expansion by leveraging synergies of manufacturing and IT engineering outsourcing services provided by the Alp Group and extending those services and providing them to Japanese companies. The M&A may also facilitate staff placement in other countries such as Australia, Singapore and Japan, it added.
Haruhiko Doi, Chairman and CEO, Outsourcing Inc, said, “With a growing interest among Japanese companies to foray in the Indian market, we are happy about our first acquisition in India. We will assist other foreign and Japanese companies who are intensifying their focus in India. Besides, unlike Japan, India’s working population is set to grow up to 240 million in the next 20 years, which will catalyse the relationship further. We look forward to growing at a fast clip.”
The company has 17 domestic group companies and 19 overseas companies under its umbrella.
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